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30 September 2024 | 4 replies
Plus it's cheaper at only $60 to change the name.
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30 September 2024 | 46 replies
Guest runs out of coffee, runs out of toilet paper, needs more towels, etc, we can usually get them any of these things in under an hour with the delivery service, and for much cheaper than the typical service call to try and have your cleaner stop by.
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29 September 2024 | 13 replies
Here is a list of all the stuff I love about REIHUb, and why I'm paying them $25/month even when there are plenty of other options that are cheaper, offer more features (on paper), or both:Their bank account import is flawless, with none of the sync issues I had with Quickbooks or Stessa.
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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.
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28 September 2024 | 3 replies
Prices are cheaper but so are rents.
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1 October 2024 | 29 replies
I know there are probably some cheaper and I know there are more expensive GC's out there, but these should be good ballpark costs, although there are a ton of variables of course.
28 September 2024 | 19 replies
To receive basis adjustment at death the asset must qualify as part of the decedent’s taxable estate and also qualify as either a bequest, a devise or pass by inheritance.
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25 September 2024 | 11 replies
The vast majority of states also leverage figures on a federal return as a starting point to define taxable income, making adjustments to those figures to arrive at the portions of income that are taxable for state tax purposes.
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25 September 2024 | 9 replies
Also anyone have insight on excess taxable income regarding the above and private lenders?
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25 September 2024 | 8 replies
@Yi Chu a Roth IRA is already an account that allows tax-free growth so depreciation won't benefit you since depreciation is used to offset taxable income.If you need the depreciation to offset other income outside of the investment, then it might be best to invest outside of the Roth IRA in order to take advantage of the depreciation.